If a Firm Develops Better Methods of Producing a Product

question 86

Multiple Choice

If a firm develops better methods of producing a product, then this process innovation can be expected to result in a(n)

• A) upward shift in both the total product and average cost curves.
• B) downward shift in both the total product and average cost curves.
• C) downward shift in the total product curve and an upward shift in the average cost curve.
• D) upward shift in the total product curve and a downward shift in the average cost curve.

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Definitions:

Hegemonic Masculinity

A concept that describes the culturally dominant idea of masculinity, privileging certain male traits over others.

Male Privilege

The set of societal privileges that benefit men by virtue of their gender, often at the expense of women and other genders.

Respectability Politics

The attempt by marginalized groups to police their own members and show their social values as being continuous and compatible with mainstream values.

Transphobia

The fear, hatred, disbelief, or mistrust of people who are transgender, leading to discrimination and exclusion.